For the Clean and Squeaky, LLC return, choose the response that provides the most complete information regarding how the return would be different if Marcus and Malcolm formed this company as equal partners, rather than as an S corporation. Not much would change regarding the preparation of the return other than it being completed on Form $1065$ rather than Form $1120-$S$,$ which then would require that the items of income, expenses, Schedule L$,$ balance sheet, and Schedules K$-1$ might be recorded on different line numbers, but the items listed will remain the same and comparably reported. Salary expense would be on line $9$ on Form $1065,$ rather than on Form $1120-$S$,$ line $7,$ and the amounts reflected on their Forms W$-2$ would be reflected in box $4$a on their Schedules K$-1.$ Salary expense on line $9$ on Form $1065$ would not include the amount of any health insurance premiums, because for partnerships, there is no provision for the entity to be able to pay health insurance premiums for partners. Unless the partners hired others as employees, there would be no salary expense on lines $9.$ They may instead each have amounts reported as guaranteed payments, and on their Schedules K$-1,$ both their share of ordinary income reported in box $1$ as well as any amounts reported as guaranteed payments in box $4$a would be subject to SE tax when reporting the Schedule K$-1$ information on their personal returns.